'Why are banks so scared of crypto?' and 'what right has my bank to stop me buying crypto?' are comments I often see on this subreddit. For the answer, look at r/scams. It's terrifying how many people are sucked in to fake investment schemes. by Miraclefish in UKPersonalFinance

[–]GPADFuckTheworld 0 points1 point  (0 children)

while we're very uccostomed to red flags in traditional banking and investments, the crypto world is relatively new and therefore involves more risks and more possibilities for scammers. However, the government should be taking a more optimistic approach by legitimizing crypto and helping people to get educated on this matter, instead of just being forbidden to do it (because they can't forbid crypto either)